Notes to SEFA
Title: 1. Basis of Presentation
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal expenditures of the Corporation to perform research and development activities for the federal government for the year ended December 31, 2024. The amounts reported as federal expenditures were obtained from the Corporation’s general ledger. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position, the results of its operations, or its cash flows of the Corporation.
In accordance with the provisions of the Office of Management and Budget Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations, the Corporation has one program, research and development cluster, and receives awards under that program. The Schedule includes all contracts and grants awarded to the Corporation under its program by agencies and departments of the federal government.
Full Assistance Listing Numbers and pass-through numbers are not available for all grants or contracts on the Schedule.
For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: MITRE utilizes billing rates that have been negotiated with the Corporate Administrative Contracting Office (CACO) and did not elect to use the 10% de minimis rate as covered in §200.414 Indirect (F&A) costs.
The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal expenditures of the Corporation to perform research and development activities for the federal government for the year ended December 31, 2024. The amounts reported as federal expenditures were obtained from the Corporation’s general ledger. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position, the results of its operations, or its cash flows of the Corporation.
In accordance with the provisions of the Office of Management and Budget Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations, the Corporation has one program, research and development cluster, and receives awards under that program. The Schedule includes all contracts and grants awarded to the Corporation under its program by agencies and departments of the federal government.
Full Assistance Listing Numbers and pass-through numbers are not available for all grants or contracts on the Schedule.
For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
Title: 2. Indirect Cost Rates
Accounting Policies: The accompanying Schedule of Expenditures of Federal Awards (the Schedule) summarizes the federal expenditures of the Corporation to perform research and development activities for the federal government for the year ended December 31, 2024. The amounts reported as federal expenditures were obtained from the Corporation’s general ledger. Because the Schedule presents only a selected portion of the operations of the Corporation, it is not intended to and does not present the financial position, the results of its operations, or its cash flows of the Corporation.
In accordance with the provisions of the Office of Management and Budget Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations, the Corporation has one program, research and development cluster, and receives awards under that program. The Schedule includes all contracts and grants awarded to the Corporation under its program by agencies and departments of the federal government.
Full Assistance Listing Numbers and pass-through numbers are not available for all grants or contracts on the Schedule.
For the purpose of the Schedule, expenditures for federal award programs are recognized on the accrual basis of accounting.
De Minimis Rate Used: N
Rate Explanation: MITRE utilizes billing rates that have been negotiated with the Corporate Administrative Contracting Office (CACO) and did not elect to use the 10% de minimis rate as covered in §200.414 Indirect (F&A) costs.
MITRE utilizes billing rates that have been negotiated with the Corporate Administrative Contracting Office (CACO) and did not elect to use the 10% de minimis rate as covered in §200.414 Indirect (F&A) costs.